From Vegas, Roubini says look out for a big market crash

Stocks aren’t in bubble territory, but they could be headed for a big crash.

Bloomberg News

Nouriel Roubini

So says Nouriel Roubini, economics professor at New York University, who is known for his pessimistic outlooks. According to CNBC, he made the comments at a private dinner event in Las Vegas, when he said a “huge rally in risk assets” over the next two years could be setting markets up for a major selloff.

Anyway, the SALT conference bills itself as “committed to facilitating balanced discussions and debates on macro-economic trends, geopolitical events and alternative investment opportunities within the context of a dynamic global economy.” Alongside a big representation from the hedge-fund world, speakers include actor Al Pacino, director Oliver Stone, ex-Greek prime minister George Papandreou and former French president Nicolas Sarkozy.

On Twitter, there were other accounts of that dinner. (Leon Cooperman, another scheduled speaker is the chairman of Omega Advisors.)

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